Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) each encountered significant resistance levels over the weekend, leading to declines that suggest potential continuation of downward trends in the coming days. Here’s a closer look at the technical analysis and current market conditions for these major cryptocurrencies.
Read MoreEarlier this week, the Bitcoin market faced a significant downturn, attributed primarily to growing concerns about the US economic outlook and increased volatility in the broader financial markets. Ethereum, in particular, lagged behind, influenced by heightened futures market activity and substantial selling pressure from large holders.
Read MoreEthereum (ETH) experienced a notable rebound this week, bouncing back from a low of $2,100 to gain 25% since August 2024 lows. While bullish sentiment persists with expectations of surpassing $2,800 and potentially hitting the psychological $3,000 mark, upcoming market events could introduce volatility.
Read MoreIn a notable rebound, the cryptocurrency market has surged by approximately 2% over the past 24 hours, pushing its total market capitalization above the $2 trillion threshold. This upswing marks a significant recovery from recent downturns and underscores the market's resilience.
Read MoreA recent analysis by prominent crypto analyst CrediBULL Crypto has highlighted a significant divergence between Bitcoin (BTC) and Ethereum (ETH), indicating a potential disparity in their recovery trajectories.
Read MoreJump Trading, a prominent trading firm, has recently made headlines with significant cryptocurrency transactions involving the USDC stablecoin and Ethereum. According to on-chain sleuth Lookonchain, Jump Trading has orchestrated a substantial shift of USDC and ETH that has impacted the broader crypto market.
Read More